Remove Bonuses and Incentives Remove Compensation Remove eBook Remove Performance Management
article thumbnail

Growing a Healthy Compensation Program -- Part Two

Compensation Cafe

We'll identify some of their missteps -- common to companies their size -- then discuss what they can do to achieve healthy compensation habits. Case background: In the first article , we looked at the compensation habits of a company called Healthy Gadgets, a new medical device company that began with fewer than 100 employees.

article thumbnail

What Does a Bonus Mean?

Compensation Cafe

After all, we often don't make much of a communication effort when we award bonuses. So, you could say that they are also checking that your company's performance matches your competitors, although not deliberately. When it comes to bonuses, the understood link with business results is often sketchy, too.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Performance Management Tools: The Ultimate Guide

Primalogik

Performance management tools have become essential to HR operations. Not only do they assist the HR department; they also help managers throughout the organization to guide their teams to success. Consider that only 2% of companies feel they have a great approach to performance management. Table of Contents 1.

article thumbnail

Compensation Communications: Should I Say How I Feel?

Compensation Cafe

Many of our colleagues would say that compensation has nothing to do with feelings. On the other hand, feelings have a lot to do with compensation COMMUNICATIONS. On the other hand, feelings have a lot to do with compensation COMMUNICATIONS. Addressing feelings through compensation communications is tricky business.

article thumbnail

Quick Reminder on Performance Management Effectiveness

Compensation Cafe

I recently ran into a study on effective performance management practices that I want to share with you. Not because it says anything really new, but because it does a great job on focus and insight, attributes we can all use when it comes to performance management. Procedural fairness is defined as, ". .

article thumbnail

Overlooked Fundamentals of Compensation Strategy

Compensation Cafe

Not a great foundation for a compensation practice! salary increases and bonuses with flimsy links to everyday work, it's hard to engage people beyond job security unless you have career development alternatives to offer. Some of the findings verify long held beliefs but many more are counterintuitive. In a time of 2.5%

article thumbnail

What Can the Novel Coronavirus Teach Us About Compensation Communication?

Compensation Cafe

If you're starting to see those building blocks through the haze, let's take a shot at a parallel compensation case story. Let's say we're introducing a new pay program with an emphasis on pay for performance, and the first step is making everyone aware of the new program. Earlier, she was a Principal at Willis Towers Watson.